13781 Grandeur Ave Shelby Twp, MI 48315
4bd, 2.5ba | 2,242sqft | Built in 2014
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Initial Investment
$316,999
List Price: $309,900
Purchase Price
$309,900
Down Payment
100%
Rent
$2,500

Total Return
$90,437
Annualized Return
5.7%
Cap Rate
5.4%
Gross Yield
9.7%
Cash Flow
$16,128
Appreciation
1.4%
Features
Roofstock Certified
Occupancy
Occupied
Lease Start
10/05/2018 
Lease End
04/05/2020 
Lot Size
1,742 
HOA
$35/mo
Flood Risk
Not Required
  • 4-star suburb of Detroit
  • Family style 4/2.5 w/ 2 car garage, built in 2014
  • Premium school district (9,8,8)

Annual Financial Highlight
Expected Rent
$28,500
Expenses
-$6,372
Property Taxes
-$6,000
Loan Payments
$0

Net Cash Flow
$16,128
Considerations
Property Characteristics    View Details



Inspection Contingency
This home will be inspected after the offer is accepted and prior to closing, during which time you can negotiate price or repairs based on the inspector's findings or cancel the contract. If any prior inspection reports are available, you'll find them in the Diligence Documents (Analysis tab).  If the latest inspection report is more than 4 months old, the home will be listed with an inspection contingency.
  • This property will be professionally inspected before closing.
  • You’ll have the opportunity to negotiate a lower price or repairs if any issues are identified during the inspection process.
  • Your earnest money deposit will be refunded if you cancel the transaction before the inspection contingency termination date.
  • Roofstock will let you know whether the property passes Roofstock Certification. If it fails, and you choose to carry on with the transaction, the Roofstock Guarantee will no longer apply unless issues are resolved prior to closing. 

Property Management   

Why choose?

From repairs and maintenance to communicating with tenants, our preferred property management teams protect your assets and keep things running smoothly.

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